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COMPANY ANNOUNCEMENT: Interim Directors Statement 16/06/2010

The following is a Company Announcement issued by Simonds Farsons Cisk plc pursuant to the Malta Financial Services Authority Listing Rules 9.51 and 9.53.  This statement is based on the unaudited management accounts of Simonds Farsons Cisk p.l.c. up to 31 May 2010 and other financial information. 

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The Board of Directors hereby announces that since the publication, on 14 April 2010, of its preliminary statement of annual results for the financial year ended 31 January 2010 and which included an outlook for the financial year under review, no material events and/or transactions have taken place that would have an impact on the financial position of the Holding Company and its controlled undertakings, such that they would require specific mention, disclosure or announcement pursuant to the applicable Listing Rules.

The Group continues to operate in a highly challenging environment. There is a continued investment and effort to strengthen the competitive edge within the Company’s productive, operational and qualitative abilities. The importation, wholesale and retail of food and beverages and the franchised food retailing segments are facing particular challenges especially in the light of increased competition and higher market trading pressures.

Nonetheless, Group turnover has increased marginally as compared to the same period last year while overall targeted results are being attained.     

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Arthur Muscat
Company Secretary